Technical analysis

08 April 2021

19:52 USD / CHF consolidated below MA (200) H1

Today, the USD/CHF pair is trading in the range of Chf0. 9270-0.9300 - near a more than two-week low. On the hourly chart, the pair is fixed below the moving average line MA (200) H1 (Chf0. 9385), and on the four-hour chart it is testing MA (200) H4 (Chf0.9265). In this situation, it is probably worth starting to stick to the southern direction in trading, and maybe you should look for an exit point for selling.


Resistance levels are: Chf0.9315, Chf0.9350, Chf0.9385-95

Support levels are: Chf0.9265, Chf0.9210-20, Chf0.9135


The main scenario for the pair's promotion - breakout of support for Chf0. 9265 (April 7 low, MA (200) H4) and may be a decline to Chf0.9210-20 (March 17-18 and 22 lows)

An alternative scenario - correction, breakout of the resistance of Chf0. 9350 (April 7 high) and may be an increase to Chf0.9350 (March 5 low)


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